Join The Official FB Page

Biden's federal income tax returns show declining earnings

By Owen Galvez
Published in Financial Planning
April 19, 2023
1 min read
Biden's federal income tax returns show declining earnings

So, there’s this article I came across, and it’s got me thinking about how politicians are human beings with earnings just like everyone else. Biden’s federal income tax return was published and it turns out his earnings have been dwindling, year after year.

Basically, according to the article, Biden’s federal income tax return revealed that he made $607,336 in 2020, which is significantly less compared to his $985,233 of earnings in 2019. Wages fell over the years, mostly due to the pandemic that hit the economy hard. To top things up, Biden also donated $30,704 to charity.

Honestly, I was surprised to find out about this. I had this preconceived notion that high-profile politicians earned a lot of money, but it turns out they’re as affected by economic crises as we are. It’s weird to think about how much their earnings change compared to ours.

But, you know, it’s good to see politicians like Biden showing transparency by disclosing their income tax returns. It gives us an insight into their lives and how they manage their finances. It’s also important to know that politicians are just like us, and we can relate to them in one way or another.

To sum it up, Biden’s 2020 federal income tax returns showed us that his earnings have been declining over the years. The pandemic is mostly to blame, but he also donated a significant amount to charity. It’s refreshing to see politicians become more transparent about their finances, and it tells us that they’re not that different from us.


Previous Article
How Chiefs QB Patrick Mahomes’ workouts in Texas are different in 2023
Owen Galvez

Owen Galvez

Food Critic

Free 'Personal Finance Fair' In Newark Will Empower Local Residents
May 10, 2023
1 min

Quick Links

Advertise with usAbout UsContact Us

Social Media